It takes 9 mins packaging time/unit for a packaging machine. The annual demand forecast is 50000 units and an operator is working in 8-hour shift all week days throughout the year. The operator is paid @ Rs. 700 per day. The plant manager has planned a 15% cushion and the plant works for only one shift per day. a. How many packaging machines are needed? b. What will be the production rate per day if the packaging process happens in batches of 200 and it takes 1 hour for setup? c. End of the day, 50 packed units are shipped to a retail shop and the holding cost per unit in the plant is Rs.15. What should be the economic lot size?
It takes 9 mins packaging time/unit for a packaging machine. The annual demand forecast is 50000 units and an operator is working in 8-hour shift all week days throughout the year. The operator is paid @ Rs. 700 per day. The plant manager has planned a 15% cushion and the plant works for only one shift per day. a. How many packaging machines are needed? b. What will be the production rate per day if the packaging process happens in batches of 200 and it takes 1 hour for setup? c. End of the day, 50 packed units are shipped to a retail shop and the holding cost per unit in the plant is Rs.15. What should be the economic lot size?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:It takes 9 mins packaging time/unit for a
packaging machine. The annual demand
forecast is 50000 units and an operator is
working in 8-hour shift all week days
throughout the year. The operator is paid @
Rs. 700 per day. The plant manager has
planned a 15% cushion and the plant works
for only one shift per day. a. How many
packaging machines are needed? b. What
will be the production rate per day if the
packaging process happens in batches of
200 and it takes 1 hour for setup? c. End of
the day, 50 packed units are shipped to a
retail shop and the holding cost per unit in
the plant is Rs.15. What should be the
economic lot size?
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